Kinder Morgan, Inc. $KMI Shares Sold by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 86,515 shares of the pipeline company’s stock after selling 4,676 shares during the period. Kinder Morgan comprises approximately 2.5% of Measured Risk Portfolios Inc.’s holdings, making the stock its 6th biggest position. Measured Risk Portfolios Inc.’s holdings in Kinder Morgan were worth $2,544,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC boosted its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. JNBA Financial Advisors boosted its stake in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Kinder Morgan by 2,913.5% in the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at $34,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Scotiabank cut their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.25.

Kinder Morgan Stock Up 1.0%

Kinder Morgan stock opened at $28.50 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48. The firm has a market capitalization of $63.32 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. The firm’s fifty day moving average price is $27.27 and its two-hundred day moving average price is $27.46. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 128,008 shares of company stock valued at $3,553,982. Corporate insiders own 12.73% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.